BUSINESSWEEK ONLINE : NOVEMBER 20, 2000 ISSUE
BUSINESS WEEK E.BIZ -- NET WORTH

The Largest Brokers on the Net


                       ONLINE
                   CUSTOMER ASSETS    NUMBER OF    AVERAGE TRADES
                   (IN BILLIONS)      ACCOUNTS        PER DAY

Schwab Online          $413.5         4,100,000       234,700
Fidelity Online         326.2         4,554,000       117,615
TWE Online              113.0         1,953,000       132,164
E*Trade                  56.7         2,722,159       169,000
Ameritrade               34.8         1,164,000       123,929
DLJdirect                24.8           431,000        29,619
Datek                    14.3           558,044       103,825
Fleet Online             13.0           394,000        21,900
NDB                       9.9           245,600        14,900
Scottrade Online          5.8           224,156        27,464
INDUSTRY TOTAL       $1,032.5        17,055,039     1,012,095

Does not include brokerage firms, such as Merrill Lynch & Co., that do not 
break out their Internet operations.

DATA: COMPANY REPORTS, SALOMON SMITH BARNEY


_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

BACK TO TOP
EBIZ Cover Image, link to ebiz table of contents
EBIZ Contents for issue dated Nov. 20, 2000


RELATED ITEMS
Rage against Online Brokers

TABLE: Why They're Mad

CHART: Ticked-Off Customers

TABLE: The Largest Brokers on the Net



INTERACT
E-Mail to Business Week Online

 
Copyright 2000-2009, Bloomberg L.P.
Terms of Use   Privacy Notice